This table shows rates for VA mortgages through U.S. Bank.
Term 30-year fixed - VA
Rate
APR
Term 15-year fixed - VA
Rate
APR
This table shows rates for VA mortgages through U.S. Bank.
Term Rate APR
30-year fixed - VA
15-year fixed - VA

What is a VA home loan?

VA loans are home mortgages backed by the Department of Veterans Affairs (VA). With a VA loan, eligible service members and veterans can refinance a home with little or no equity to get cash out or to lower their monthly payment. U.S. Bank offers 15- and 30-year options. Check out today’s 30-year VA refinance rates.

As an approved lender for the VA Home Loan Guarantee Program, U.S. Bank can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products. And if you don’t meet the qualifications for a VA loan, FHA loans offer similar advantages, including lower borrower equity requirements. Contact a mortgage loan officer today for more information about VA home loans and current VA mortgage rates.

VA home loan benefits and considerations

Lower monthly payments

VA loans do not require mortgage insurance. The VA guarantees a portion of your loan, thereby saving you this monthly expense. Use our mortgage refinance calculator to get an estimate of your monthly payments.

Simplified approval process

VA loans were designed to offset common financial challenges faced by military families and veterans, and to simplify the approval process.

Military Banking Services

U.S. Bank has products especially for military service members, veterans and eligible surviving spouses. Learn more about Military Banking.

VA home loan eligibility requirements and qualifications

  • Military members – To be eligible for a VA loan, you must be an active-duty or former member of the armed forces with at least:
    • 90 days of consecutive service during wartime, or
    • 181 days of service during peacetime, or
    • 6 years of service in the National Guard or reserves.
  • Surviving spouses – Eligible spouses of service members who died in the line of duty or as the result of a service-related disability.
  • A Certificate of Eligibility from the VA will show if you meet these requirements. Your mortgage loan officer will work with you on obtaining this certificate.